ceo, home mortgage corporation
He has an experience for more than 10 years as a director of insurance brokers at Khanbank, and State Bank, the largest banks in Mongolia.
Mr. Naranbat contacted him online during the Covid lockdown in 2020 and shared his idea of an insurance service where all services can be obtained in one place.
Lkhagvatseren welcomed the above idea, and as a result of more than 2 months of communication and exchange of ideas, he resigned his work from Khanbank. Thus he join the team of Mr. Naranbat and Mr. Tsolmon.
Together, they bought the rights of “Master Solutions” company with a special insurance license, completed the development of the preparatory work within 6 months, and opened their first service, Hi-Insurance app, leading comprehensive payment platform in Mongolia.
They have cooperated with well-known insurance companies operating in Mongolia and provided customers with the opportunity to pay in installments and pay with credit.
Activities aimed at enabling Mongolian residents living and working abroad with financial access and the ability to acquire housing in their native country.
The company was founded in 2011 and is licensed in “Asset Management.” It provides a cost effective source of mortgage loans by issuing asset-backed securities, and the issuer’s subsidiary, Gyals Credit Mortgage lending through NBFI LLC, and the “Sendly” application, which provides international money transfer services based on the company’s mobile phone, allow people living abroad to obtain loans and repay loans without any problems.
